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Market Spotlight: AUDUSD Looking To Break Lows

AUDUSD Big Level on WatchHeavy risk aversion as we kick off the new week has seen commodity-linked currencies getting hit hard. Chief among them is the Aussie which has broken down through last week’s...

Market Spotlight: GBPCAD Hits Final Target

GBP Under Pressure The short trade issued in GBPCAD from the break of 1.6293 has now hit its final target at 1.5899. Yesterday’s BOE meeting saw the UK central bank issuing a warning of a massive...

Market Spotlight: GBPNZD Structure Trade

GBPNZD Bear Flag on Watch Price action in GBPNZD is looking interesting here. The pair has been moving in a well-defined, corrective bull channel over the last month or so. Given the heavy decline...

Market Spotlight: Short GBPAUD Opportunities for BOE Today

BOE Up NextToday’s BOE rate decision will be the main focus for FX traders. On the back of the .5% hike from the Fed yesterday, some market participants are adjusting their views, anticipating a...

Market Spotlight: Gold At Key Support Ahead of FOMC

FOMC Up NextThe FOMC meeting later todayholds the potential to be a key, near-term catalyst for FX price action. Withtraders expecting the Fed to hike rates by .5%, the focus now will be one...

Market Spotlight: Still Short GBPCAD

GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly...

Market Spotlight: First RBA Rate Hike Over A Decade

Aussie Bid Following RBA Rate HikeThe Australian Dollar has been in the spotlight today following the May RBA meeting overnight. The RBA took the historic move of hiking rates by 0.25% lows off their...

Market Spotlight: Monitoring Key Level in AUDJPY

AUDJPY On WatchAUDJPY price action is worth monitoring here. The recent ascent above the 94.23 level saw plenty of bearish divergence before the market topped out and corrected lower. Price is...

Market Spotlight: NZDUSD Hits Final Target

NZDUSD Sell-Off ContinuesThe recent short trade issued in NZDUSD has hit its final target at .6450. With USD having increased significantly in the last fortnight, amidst an uptick in hawkish Fed...